Brazil: No Trade Impact to Iran Shipping Impasse

July 24, 2019

Brazil's foreign trade secretary Lucas Ferraz said there are no signs that the impasse involving Iranian ships without fuel near Brazilian ports will affect bilateral trade relations.

So far, Ferraz said, there has been no impact on Brazilian exports to Iran. The ships, scheduled to bring grains back to Iran, lack fuel for the journey because state-run oil company Petroleo Brasileiro SA refused to sell them bunker fuel due to U.S. sanctions on Iran.

Reporting by Rodrigo Viga Gaier

Logistics News

Portchain and X-Press Feeders Partner on Efficiency

Portchain and X-Press Feeders Partner on Efficiency

Iraq to Export Crude via Multiple Outlets

Iraq to Export Crude via Multiple Outlets

Data Center Projects Boost Port of Los Angeles July Volumes

Data Center Projects Boost Port of Los Angeles July Volumes

Soybeans Futures Rise on US Yield Doubts While Wheat Steadies

Soybeans Futures Rise on US Yield Doubts While Wheat Steadies

Subscribe for Maritime Logistics Professional E‑News

Sources say that the Sheskharis terminal in Russia's Black Sea halted loadings following a drone attack.
Sinograin, a Chinese soybean company, announces its fourth major auction since July.
India reduces windfall tax on petrol, diesel and aviation fuel exports